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Getting technical over food traceability

China is embracing the "Internet of Things" (IoT) technology as part of an effort to address thorny food security issues, a government official said. A pilot program will include the establishment of a cloud computing center in Shanghai's Jinshan district to ensure food ...

Beijing in new crackdown on use of illegal cooking oil

The municipal health authority has launched a crackdown on restaurants' use of illegal cooking oil to improve food safety. "All restaurants must retain receipts for cooking oil for inspection and we will increase the frequency of regular inspections," said Ma Yanming, press ...

A not-so-hot property

Tightened bank lending and falling prices are beginning to take their toll on property developers in some of the hottest markets around the country, from Beijing to Shanghai to Guangzhou. While many cash-strapped developers in major cities are trying to keep their heads low, ...

Israel, China ink potash deal worth 235 mln U.S. dollars

Israel and China have signed a deal worth 235 million U.S. dollars to provide Chinese fertilizer producers with 500,000 tons of potash in the second half of 2011, Israel Chemicals Ltd (ICL) said Sunday. "Our agreements with Chinese customers for the second half of the year ...

Dow Chemical, Dragon Crown sign MOU for Tianjin Terminal Project

The Dow Chemical Company signed a Memorandum of Understanding (MOU) with chemical storage service provider Dragon Crown Group on Friday for the establishment of a logistics and storage center in east China's municipality of Tianjin. The Tianjin Terminal Project will cover a total ...

Nine pct decrease in residential land sales

China's efforts to cool down its overheated property market have seemed to discourage developers in 130 cities across the country, leading to a 9-percent year-on-year decline in land sales for residential housing development in the first half of 2011, the Ministry of Land and ...

TNT looks to make inroads

TNT Express NV, the Netherlands-based international express delivery company, is vying for a larger share of China's road delivery market, a top executive from the company told China Daily on Thursday. Although the road delivery market in China is not as mature as those of Europe ...

Rural home appliance sales up 83.7% in H1

Sales of home appliances in rural China jumped 83.7 percent year on year in the first half of 2011, to 124.58 billion yuan ($19.28 billion), driven by a government subsidy,the Ministry of Commerce (MOC) said Tuesday. Home appliances sold in the first six months increased by 56.7 ...

Property market inventories set to soar

The inventory in China's property market will surge in the second half of the year, thus prompting property developers to cut prices further as tightening measures continue, industry experts said on Tuesday. According to Stephen Green, head of research at Standard Chartered Bank ...

China's pork prices rose 3.4% last week

Pork prices rose 3.4 percent week-on-week in the week ended July 3, after an increase of 4.5 percent the previous week, according to the Ministry of Commerce (MOC) on Tuesday. Since early May pork prices have continued to rise in China mainly due to a domestic shortage of pigs ...

Tesco, Gome enter strategic cooperation

Tesco PLC, the world's third-largest grocery chain by sales, on Monday signed a strategic cooperative agreement with Gome Electrical Appliances Holdings Ltd. The move signals a further step in the UK retailer's development of shopping malls and underlines its ambition in the ...

High import tariffs

A clash of opinions over the need to cut import duties on "luxury" goods has broken out between China's financial officials and commercial policymakers. Spectacular as it is, the ongoing debate has so far done little to boost domestic consumption, a desirable goal that both sides ...

Making a beeline for the suburbs

Escalating city property prices have ignited a great race to the suburbs by the urban middle class, mostly young managers and professionals. The rush is particularly intense in Shanghai, where prices of apartments in the city have risen by 60 percent on average during the past ...

Housing cost to fall; no 'hard landing' expected

The nation's high housing prices will meet a downward inflection point in the third quarter of the year but the sector is not expected to suffer a "hard landing", according to a report released on Saturday by the Beijing-based Renmin University of China. More Chinese cities saw ...

Subway eyes further China expansion

After overtaking McDonald's Corporation in the number of its outlets globally, US fast food giant Subway now aims to more than double the figure in China over the next five years. It also wants to become more localized, capitalizing on China's huge urbanization program and the ...

Diamonds make the cut for big and small firms

Overseas diamond retailers are paying close attention to the booming diamond market in China with a view to cashing in on the country's growing purchasing power. Figures from the Diamond Administration of China (DAC) show that the annual turnover at the Shanghai Diamond Exchange ...

China's residential property prices edge up

Residential home prices rose 0.41 percent month-on-month across 100 major cities in June, said a report released by China Real Estate Index System (CREIS) on Friday. The rise is 0.12 percentage points lower than that in May. The average price of residential homes across the 100 ...

PepsiCo looking to farm Chinese market

PepsiCo Inc, the world's second-largest food and beverage company, will continue its investment in China's agricultural sector. The move is designed to provide a secure supply of raw materials, protect the local environment and promote cooperation between the company and Chinese ...

Corning sets up research center on mainland

Corning Inc started its first joint venture laboratory on the Chinese mainland on Tuesday in partnership with a well-known ceramics institute in Shanghai. "The joint research facility is aimed at exploring technologies to support the development of future Corning products that ...

Illegal cooking oil produced on huge scale

Some supposedly edible cooking oil on store shelves in Beijing, Tianjin and Hebei province is being produced from so-called gutter oil and swill-cooked oil, Chinese media have reported. Swill-cooked oil is waste animal oil and oil that has been used several times - usually by ...
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Latest World News

china

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finance

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company

industry

Super car club in commercial drive
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On the night of Nov 11, more than 150 super cars were driven into the ...
Chinese steelmakers see profits plunge
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trade

sports

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Li Na wins French Open women's singles title
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Yao's gift of sport for all
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